What do you do if you're torn between starting a new venture or joining an existing startup?

Deciding between starting a new venture and joining an existing startup? Consider your risk tolerance, passion, and vision. Assess your skills and the resources available to you. Research market demand and competition. Align your decision with your personal and professional goals. Trust your instincts and make an informed choice that feels right for you.

You have to make a choice between Earning and learning. 1. New venture might not be able to offer you higher salaries but, higher learning for sure. 2. New startup might not be able to define a clear role, but you will learn multi tasking for sure and would understand how a business work entirely. 3. New startup is like a constructing a new building where challanges would be obviously more. Going with new startup or an already running one , largely depends upon your ability to take risk, your learning attitude and your personal financial needs. Any one you choose, is good for you. ??

2 years back, i was torn between the same choice. Whether to startup or join an existing startup. While taking this decision, there were a couple of things which needed to be evaluated: 1. Having trust on your Co-founders when starting up. 2. What do you want to build and how will you build it 3. The timing of the startup and the market need 4. The profile you are getting at the startup and your belief as to how the existing startup will shape up in future 5. Your growth in the existing startup and how it can shape you to become a better founder. 6. How financially independent are you Once you have clarity on all the above, the decision will be an obvious choice. Rewards & esops etc are generally secondary

"Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work," Steve Jobs once advised. ?? Debated the entrepreneur's journey with fellow dreamers. What drives you? Choosing your path? ?? Weigh your goals & values against the startup landscape. Crave creating from scratch or joining an established team? Let's navigate these waters together! ??

When weighing the decision between starting a new venture or joining an existing startup, consider your risk tolerance, skillset, and long-term goals. Evaluate the potential for growth, resources, and support available in both scenarios. Assess the market demand and competition. Ultimately, prioritize alignment with your passions and values. Conduct thorough research, seek advice from mentors, and weigh the pros and cons carefully before making a decision that aligns with your aspirations and circumstances.

When choosing between launching a new venture and joining an existing startup, consider how your skills and experience align with each path. Ask yourself: Are your strengths in initiating projects and building from scratch, or in driving fast-paced growth? Use your expertise in risk assessment, strategic planning, and market analysis to determine where you can best apply your abilities for optimal success and growth.

Starting a startup requires the right mix of skillsets in the founding team. It is extremely unlikely that one person can hold all the skills necessary to make a new venture thrive. Consider what are your true strengths (industry experience? tech skills? contact network? something else?) and what is missing in order to give your new venture the edge to succeed. If you feel you can gather the missing team (which requires strong people skills as well) and convince them to join you then your own venture would be an option. Remember you also need to find initial investment or bootstrapping funds. In case that feels out of reach, there is no shame in joining another venture in order to gain those skills and enrich your contact network.

Being a Co-founder requires a different skill set with the obvious one being good at what you do. Generally, as you grow your startup, critical thinking, long term vision, market understanding, Hiring, culture, problem solving skills, stress & time management will all be key to how successful your startup cam become.From a Product perspective definition of problem, product development approach, market survey etc will be key. But in general your leadership skills and management style will tested a lot. Hence as Ratan Tata once said," in earlier days, until you get 5 Yr on the factory floor, you couldn't give your views" similarly, one wouldn't know without any experience on the skillset they possess. Hence some work ex may help sharpen you.

Nous possédons tous des compétences et avons la capacité d'en acquérir de nouvelles. Pour un entrepreneur, c'est essentiel, même avec la possibilité de recruter. Comprendre les domaines clés tels que le marketing, le management, la finance, la tech, le droit et la vente est crucial. Cela permet de mieux communiquer avec associés, collaborateurs et clients. Investir dans ces compétences n'est pas seulement utile, c'est indispensable pour diriger efficacement

People will supercharge you. - Keep meeting people. - Keep learning from people. - Keep helping people. Find the right people for your business and keep them close.

The startup ecosystem is super helpful at most places. When you keep meeting people from investors to peers to customers, one would find people are ready help, guide and also motivate. You would also come to know the market trends, competitors if any, and any other development which is happening in the space Networking will sometimes help open doors which one didnt know even existed. Hence having that connect can help in ways one cant even imagine

I strongly believe in the importance of networks and resources in entrepreneurship, especially in the blue economy sector. My experience founding and co-founding Oceanogami and Blue-jobs has shown that a strong network of contacts, mentors, and advisors is crucial for success. For those starting without an established network, joining existing initiatives can be invaluable.

L'écosystème professionnel est crucial en entrepreneuriat. Comprendre qui fait quoi, qui détient du pouvoir, et qui pourrait être intéressé par votre projet est essentiel. Cartographiez votre réseau : si ce dernier aligne avec votre mission, parfait ! Sinon, il est temps de réseauter activement pour vous rapprocher ou créer l'écosystème idéal. La réussite dépend souvent de l'adéquation entre votre vision et votre réseau.

Gauge the market pulse — Before diving headfirst, understand the current market dynamics. Is your idea solving an immediate problem? Is the market ready? I've seen brilliant ideas falter simply because they were ahead of their time. Market receptiveness can make or break your venture.

Le succès entrepreneurial n'est pas seulement une question de chance ; il s'agit souvent de savoir capter le bon timing. Comme surfer sur une vague, il faut saisir les opportunités du marché au moment parfait. Si vous êtes en avance, il est crucial de savoir pivoter pour attraper la "bonne vague". Les entrepreneurs qui réussissent sont ceux qui, par leur agilité et leur sens du marché, savent créer leur propre chance.

If you feel you are torn between joining a startup vs founding a startup. Join an existing startup. Starting a business demands an unwavering commitment and intense passion unlike many other endeavors. If you are unsure, it might indicate that the timing isn't right, or perhaps more crucially, the idea itself might not be the right fit for you.

Competitive landscape — Understand your competition, whether you're starting anew or joining forces. I've navigated through industries cluttered with competitors by finding unique value propositions. It's not just about being different but about being strategically different.

I'd break it down to evaluating the start-up management, market and mission. If you're not "ALL-IN" that may be your indicator that your passion is truly starting a new venture.

Assess Your Goals: Clarify your professional and personal goals, and which path aligns with them. Evaluate Risks: Consider the differing risks of starting your own venture versus joining an existing one. Analyze Resources: Reflect on the resources you have for starting a venture versus what an existing startup offers. Consider Responsibilities: Think about the roles you prefer and where you can make the most impact. Research and Reflect: Research the market potential for your new venture idea and the growth potential of the existing startup. Seek Advice: Consult mentors, peers, or industry professionals for diverse perspectives. Trial Period: If possible, engage in a short-term arrangement with the startup to inform your decision.

When torn between starting a new venture or joining an existing startup, begin with self-assessment to understand your skills and aspirations. Evaluate opportunities by researching market trends and the potential for growth. Consider the balance of risk and reward inherent in each option. Seek advice from mentors and network with professionals to gain insights. Clarify your goals, both short-term and long-term and prioritize personal and professional factors. Explore hybrid options that combine elements of both paths. Ultimately, trust your instincts and choose the option that aligns best with your values, passions and vision for the future.